Demand reduction in multi-unit auctions with varying number of bidders and units

Faical Akaichi; Rodolfo M. Nayga; José M. Gil

doi:10.1016/j.econlet.2014.07.006

Demand reduction in multi-unit auctions with varying number of bidders and units

Faical Akaichi^*
, Rodolfo M. Nayga
, José M. Gil

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results suggest that the uniform-price auction is sensitive to demand reduction, however, increasing the number of bidders or/and units can significantly decrease it.

Original language	English
Pages (from-to)	443-445
Number of pages	3
Journal	Economics Letters
Volume	124
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2014.07.006
Publication status	Published - 2014 Sept

Keywords

Bidders' number
Demand reduction
Multi-unit auctions
Units' number

ASJC Scopus subject areas

Finance
Economics and Econometrics

Access to Document

10.1016/j.econlet.2014.07.006

Cite this

@article{a964c2ac02274fdd9e77d996a7fc225a,

title = "Demand reduction in multi-unit auctions with varying number of bidders and units",

abstract = "We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results suggest that the uniform-price auction is sensitive to demand reduction, however, increasing the number of bidders or/and units can significantly decrease it.",

keywords = "Bidders' number, Demand reduction, Multi-unit auctions, Units' number",

author = "Faical Akaichi and Nayga, \{Rodolfo M.\} and Gil, \{Jos{\'e} M.\}",

year = "2014",

month = sep,

doi = "10.1016/j.econlet.2014.07.006",

language = "English",

volume = "124",

pages = "443--445",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "3",

}

TY - JOUR

T1 - Demand reduction in multi-unit auctions with varying number of bidders and units

AU - Akaichi, Faical

AU - Nayga, Rodolfo M.

AU - Gil, José M.

PY - 2014/9

Y1 - 2014/9

N2 - We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results suggest that the uniform-price auction is sensitive to demand reduction, however, increasing the number of bidders or/and units can significantly decrease it.

AB - We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results suggest that the uniform-price auction is sensitive to demand reduction, however, increasing the number of bidders or/and units can significantly decrease it.

KW - Bidders' number

KW - Demand reduction

KW - Multi-unit auctions

KW - Units' number

UR - https://www.scopus.com/pages/publications/84904887639

U2 - 10.1016/j.econlet.2014.07.006

DO - 10.1016/j.econlet.2014.07.006

M3 - Article

AN - SCOPUS:84904887639

SN - 0165-1765

VL - 124

SP - 443

EP - 445

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Demand reduction in multi-unit auctions with varying number of bidders and units

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this